Great Barrington Gets AAA Bond Rating

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GREAT BARRINGTON, Mass. — The Town of Great Barrington has received a AAA bond rating, which affords the town the most favorable terms for borrowing. 
 
"This designation reflects the work of the town Finance Committee and Selectboard, and is ultimately a benefit to our town taxpayers," said Town Manager Mark Pruhenski.
 
Pruhenski also credited Town Accountant Allie Crespo and Treasurer/Collector Alicia Dulin for their work in managing town finances. As a result of this favorable bond rating, Dulin earned a 3.805 percent interest rate for a 20-year bond issue that will finance various capital projects in town. UBS Financial Services Inc. was the winning bidder.
 
Bond proceeds will be used to finance various capital projects in town.  S&P based its rating on:
  • The town's strong economy and property values
  • Strong financial policies and and capital plan management
  • Budgetary flexibility and strong liquidity
  • Strong management of the town's pension plan
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Philanthropy Massachusetts Talks Berkshire County Needs

By Sabrina DammsiBerkshires Staff

Philanthropy Mass CEO Mary Skelton Roberts, left, Barr Foundation President Jim Canales and Alexandra Russell, co-chair of the Western Mass Funders Network and moderator of the panel. The networking event was held at the Norman Rockwell Museum on July 12.  
 
STOCKBRIDGE, Mass. — The Norman Rockwell Museum was filled with nonprofit members and philanthropists earlier this month to have a conversation centered around the challenges in Western Massachusetts and how Philanthropy Massachusetts can help. 
 
"Part of what I wanted to do was just get out there and meet who is working on behalf of folks in Berkshire County," said the organization's new CEO Mary Skelton Roberts.
 
"The other goals was to talk with them about ... what are the issues that they're facing, and how were they coming together, to discuss these issues, learn together, and then figure out if there is a next step." 
 
The event featured a panel consisting of Roberts and local nonprofit leaders Peter Taylor, president of the Berkshire Taconic Community Foundation, and Jim Canales, president and trustee of the Barr Foundation.
 
Based on the conversations at the event, it seemed that the attendees wanted to hear what Philanthropy Massachusetts' concerns and priorities are, Roberts said. 
 
Philanthropy Massachusetts was established in 1969 with aims to bridge the gap between funders and fund applicants. 
 
Through its network, it provides a number of resources such as research and technical assistance, and convenes funders and non-profits, Roberts said.
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